Page 993 


JPMorgan pressured to reveal $13bn accord complaint

Pen And Book

JPMorgan Chase should turn over a draft complaint used as the firm negotiated a $13bn deal to settle probes of its mortgage-bond sales and identify an employee who cooperated with the U.S. investigation, according to lawyers for a Pennsylvania bank.

US banks could face legal charges of over $100bn

500 Billion

The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's, with the ratings agency estimating billions of dollars in extra litigation fees may hit major lenders.